A bipartisan group of lawmakers in the US House of Representatives has introduced legislation aimed at halting prosecution of software developers who do not have custody or control of others’ crypto assets. In a Thursday notice, Representatives Scott Fitzgerald, Ben Cline and Zoe Lofgren said that they would be sponsoring the Promoting Innovation in Blockchain…
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Lawyers representing the US government in the case against Sam “SBF” Bankman-Fried have two weeks to respond to the former FTX CEO’s motion for a new criminal trial. In a Wednesday filing in the US District Court for the Southern District of New York, Judge Lewis Kaplan said that the US government shall respond by…
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The European Securities and Markets Authority (ESMA), the financial markets regulator and supervisor in the European Union, issued a notice to remind entities to assess investment vehicles providing leverage exposure to cryptocurrencies. In a Tuesday notice, ESMA said that derivatives products, including those marketed as “perpetual futures or perpetual contracts” tied to cryptocurrencies like Bitcoin…
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Binance CEO Richard Teng took to social media on Tuesday to attack what he called “inaccurate reporting” by the Wall Street Journal regarding investigators at the crypto exchange uncovering $1.7 billion in digital assets moving to Iranian entities. In a Tuesday X post, Teng said the report, published on Monday, contained “defamatory claims,” including a…
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The Board of Peace established by US President Donald Trump, which requires a $1 billion contribution for membership, is reportedly exploring a stablecoin for use in rebuilding Gaza’s economy following two years of war triggered by a Hamas terror attack in October 2023. According to a Monday Financial Times report, the board is in the…
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Crypto.com said Monday that it has secured conditional approval for a national bank trust charter from the US Office of the Comptroller of the Currency (OCC). In a Monday statement, the cryptocurrency exchange said that once fully approved as a federally regulated institution, it would be established to operate as a custodian across the US,…
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The prediction market’s Dutch arm, Adventure One, allegedly offered illegal bets, including on elections in the Netherlands. The Netherlands Gambling Authority said it imposed a penalty on prediction markets platform Polymarket’s Dutch arm, Adventure One, for offering gambling to residents without a license. In a Tuesday notice, Dutch authorities ordered the Polymarket company to “cease…
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Paul Atkins and Hester Peirce spoke at ETHDenver on Wednesday on the future of regulation at the SEC and its response to crypto market volatility. Paul Atkins, chair of the US Securities and Exchange Commission (SEC), and the agency’s crypto task force head, Hester Peirce, said Wednesday they would support efforts to clarify how “tokenized…
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Update (Feb. 19 at 7:21 pm UTC): This article has been updated to include a statement from the Crypto Council for Innovation. The White House has held another meeting between representatives from the cryptocurrency and banking industries on a market structure bill under consideration in the US Senate, seeking to iron-out differences on stablecoin yield…
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Lawmakers, Wall Street executives, and cryptocurrency leaders will meet at US President Donald Trump’s private Mar-a-Lago club for a crypto “forum” organized by World Liberty Financial, the company backed by Trump and his sons. Ahead of the event, the price of World Liberty’s WLFI token surged by more than 23%, to about $0.12 from $0.10.…
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